COVID-19 and its economic consequences for the Euro Area

被引：18
|
作者：
Ehnts, Dirk [1 ]
Paetz, Michael [2 ]
机构：
[1] TU Chemnitz, Chemnitz, Germany
[2] Hamburg Univ, Hamburg, Germany
来源：
EURASIAN ECONOMIC REVIEW | 2021年 / 11卷 / 02期
关键词：
Fiscal policy; Europe; Covid pandemic; Fiscal coordination;
D O I：
10.1007/s40822-020-00159-w
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The coronavirus crisis reveals the shortcomings of the Euro Area (EA), which were already evident after the global financial crisis. We show that the self-imposed constraints within the EA have prevented a recovery in the last decade. However, the suspension of the stability and growth pact and recent measures of the European Central Bank have broken the chains. We recommend that national governments make use of their regained sovereignty inside the EMU framework and do not wait for European-wide solutions. In addition, we provide policy proposals consistent with the current EA framework.
引用
收藏
页码：227 / 249
页数：23
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